3 2 1... Impact! Early Results under the SEC's Cybersecurity Governance Rule
In July 2023, the SEC adopted a new rule requiring disclosure of “material” cybersecurity incidents and detailed information on cybersecurity risk management, strategy and governance by public companies. With the new rule taking effect in December and annual reports due for public release and consumption in the first few months 2024, companies are scrambling to closely review and hone their cyber programs to address these new reporting requirements.